Many people believe that we are heading into a bear market, but a rational person understands that if a bear market happens, it will likely affect Bitcoin more than altcoins. Altcoins once had a spark of belief among investors — that the strength of a project determined its value — but after what happened on 10/10, everything changed. Altcoins started to feel like a myth.

However, one important thing to understand is that everyone must choose carefully just to make profits. Right now, I see altcoins as being near the bottom after 10/10, and if a bear market comes, liquidity may concentrate toward Bitcoin because of fear. Yet, at the same time, the data suggests that altcoins are closer to a potential rise than Bitcoin.

According to the altcoin cycle theory, for an altseason to begin, altcoin dominance needs to increase against Bitcoin — and this is what may be approaching in the coming days.

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